Month in a Minute Top Headlines from Indian Renewable Sector in November 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2022

Here is a recap of important headlines from November 2022: India generated around 70.24 billion units (BU) of solar power in the first nine months (9M) of the calendar year ...
/ / Other, Renewable Energy
India Adds Over 1.9 GW of Open Access Solar in 9M 2022, Installations Up by 96%

India Adds Around 1.9 GW of Open Access Solar in 9M 2022, Installations Up by 96%

India installed around 1.9 GW of open access solar capacity in the first nine months (9M) of the calendar year (CY) 2022, an increase of 96% year-over-year (YoY), according to ...
Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India

Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India

Edinburgh-based storage startup Gravitricity has secured £194,000 ($233,174) from the United Kingdom government to find demonstration sites in India suitable for their gravity energy storage technology. The project aims to ...
/ / Other, Renewable Energy
India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites

India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites

A Danish-Indian collaborative study, which aims to support India’s 30 GW offshore wind target by 2030, has identified fifteen zones for the first offshore wind development project. The study was ...
/ / Markets & Policy, Wind
India Adds Over 1.2 GW of Rooftop Solar in 9M 2022

India Adds Over 1.2 GW of Rooftop Solar in 9M 2022

India installed over 1.2 GW of rooftop solar capacity in the first nine months (9M) of the calendar year (CY) 2022, a decline of 11% year-over-year (YoY), according to Mercom ...
Daily News Wrap-Up Enfinity Global Adds 205 MW of Solar Capacity in India

Daily News Wrap-Up: Enfinity Global Adds 205 MW of Solar Capacity in India

Here are some noteworthy cleantech announcements of the day from around the world: U.S.-based renewable energy company Enfinity Global added 205 MW of solar capacity in India with the interconnection ...
/ / Other, Renewable Energy
Daily News Wrap-Up Enel to Build a 3 GW Solar Module Facility in the U.S.

Daily News Wrap-Up: Enel to Build a 3 GW Solar Module Facility in the U.S.

Here are some noteworthy cleantech announcements of the day from around the world: Enel North America intends to build an industrial-scale production facility in the U.S. to manufacture solar photovoltaic ...
/ / Other, Renewable Energy
BCD Effect India’s Solar Imports Down, Exports Surge 642% YoY in Q3 2022

BCD Effect: India’s Solar Imports Down, Exports Surge 642% YoY in Q3 2022

India exported solar cells and modules worth $157 million (~₹12.76 billion) in the third quarter (Q3) of the calendar year (CY) 2022, an increase of 642% year-over-year (YoY) compared to ...
Edelweiss Energy InvIT Raises ₹23 Billion, To Invest in Renewables

Edelweiss Closes Energy InvIT Worth ₹23 Billion, to Invest in Renewables

Edelweiss Real Assets Managers, part of Edelweiss Alternatives, an India-based alternative asset advisor, has closed its maiden energy infrastructure investment trust (InvIT) - AnZen India Energy Yield Plus Trust, with ...
India Installs a Record 10 GW of Solar in 9M 2022

India Installs a Record 10 GW of Solar in 9M 2022

India installed a record 10 GW of new solar capacity during the first nine months (9M) of 2022, an increase of 35% year-over-year (YoY), according to Mercom India Research's newly ...
/ / Mercom Research Focus, Solar
Daily News Wrap-Up: Sunsure Commissions a 74 MW Open Access Solar Project in Tamil Nadu

Daily News Wrap-Up: Sunsure Commissions a 74 MW Open Access Solar Project in Tamil Nadu

Here are some noteworthy cleantech announcements of the day from around the world: Sunsure Energy commissioned a 74 MW open access solar power project in the Tirunelveli district of Tamil Nadu. Sunsure is the ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Google Signs 5 TWh PPA with Engie for Offshore Wind Farm

MNRE Issues Draft Tender to Lease Sea Bed for 4 GW of Offshore Wind Projects

Ministry of New and Renewable Energy (MNRE) has issued a draft tender to select wind power developers for leasing sea-bed areas to develop 4 GW of offshore wind power projects ...
/ / Other, Wind
SBI Inks €150 Million Loan Agreement with KfW to Finance Solar Projects in India

SBI Inks €150 Million Loan Agreement with KfW to Finance Solar Projects in India

State Bank of India (SBI) has signed an agreement with Kreditanstalt für Wiederaufbau (KfW) to receive a low-interest loan of €150 million (~$150.66 million) to finance solar projects in India ...
/ / Finance and M&A, Solar
Month in a Minute Top Headlines from Indian Renewable Sector in October 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in October 2022

Here is a recap of some of the most important headlines from October 2022: India’s installed renewable energy capacity, including large hydro projects, stood at 163.7 GW, accounting for a ...
/ / Other, Renewable Energy
India’s Solar Power Generation Rises by 36% YoY to 70.2 BU in 9M 2022

India’s Solar Power Generation Rises by 36% YoY to 70.2 BU in 9M 2022

India generated around 70.24 billion units (BU) of solar power in the first nine months (9M) of the calendar year (CY) 2022, a 36% increase compared to 51.67 BU during ...
DISCOMs’ Aggregate Loss Soars to ₹502.81 Billion in FY 2021

DISCOMs’ Aggregate Loss Soars to ₹502.81 Billion in FY 2021

The aggregate losses for distribution companies (DISCOMs) stood at ₹502.81 billion (~$6.11 billion) in financial year (FY) 2020-21, an increase of 66% compared to ₹302.03 billion (~$3.67 billion) in FY ...
/ / Other, Renewable Energy
Wind Installations in India Grew by 129% YoY with 878 MW Added in Q3 2022

Wind Installations in India Grew by 129% YoY with 878 MW Added in Q3 2022

India installed 878 MW of wind capacity in the third quarter (Q3) of 2022, a 129% year-over-year (YoY) increase compared to 384 MW installed in the same period last year ...
US, India Partner to Accelerate Sustainable Energy Transition

US, India Partner to Accelerate Sustainable Energy Transition

The United States and India recently reiterated their commitment to accelerating the transition into sustainable energy at the ministerial dialogue of the U.S.-India Strategic Clean Energy Partnership (USISCEP). Minister of ...
Phase II of Residential Rooftop Solar Program Extended Until March 31, 2026

Phase II of Grid-Connected Rooftop Solar Program Extended Until March 31, 2026

The Ministry of New and Renewable Energy (MNRE) has extended Phase II of the ‘Grid-Connected Rooftop Solar Program’ until March 31, 2026. The program has been extended without any addition ...
/ / Markets & Policy, Solar
Daily News Wrap-Up EU Approves $133 Million Investment to Support BASF

Daily News Wrap-Up: EU Approves $133 Million to Support BASF in Green Hydrogen Production

Here are some noteworthy cleantech announcements of the day from around the world: The European Commission has approved a €134 million (~$133 million) measure to support BASF in producing renewable ...
/ / Other, Renewable Energy
Large-Scale Solar Installations in India Have Surpassed 50 GW

Large-Scale Solar Installations in India Have Surpassed 50 GW

India has added over 50 GW of utility-scale solar capacity as of August 2022, just 9.7 GW shy of meeting the government-set target of installing 60 GW by 2022, according ...
Daily Wrap-Up: India’s Pennar Wins NTPC’s EPC Tender for a 500 MW Solar Project

After Global Supply Chain Woes, Domestic Supply Deficit Hits Solar Developers in India

The government's move to cut dependence on China and promote local manufacturing of modules for solar installations has hindered developers as domestic supply is substantially short of demand. At the ...
Guidelines Issued for Tranche II of PLI Program for Solar Cells and Modules

Guidelines Issued for Tranche II of PLI Program for Solar Cells and Modules

The Ministry of New & Renewable Energy (MNRE) has approved ₹195 billion (~$2.61 billion) to achieve gigawatt-scale manufacturing of high-efficiency solar photovoltaic modules under the second phase (Tranche II) of ...
/ / Markets & Policy, Solar
Amazon Adds 2.7 GW of New Renewable Energy Capacity Across 71 Projects

Amazon Adds 2.7 GW of New Renewable Energy Capacity Across 71 Projects

E-commerce conglomerate Amazon has announced the expansion of its renewable energy portfolio globally, with 2.7 GW of clean energy capacity across 71 new renewable projects, including its first solar farms ...
/ / Other, Renewable Energy
State-Owned DISCOMs Continue to Impede Renewables Growth

State-Owned DISCOMs Continue to Impede Renewables Growth

After at least two decades of bailouts and reform programs, the state-owned power distribution companies (DISCOMs) continue to be a massive drag on not only the upstream segments (generation and ...
/ / Mercom Research Focus, Solar